Scotiabank CAD to GBP Exchange Rates - Compare & Save

Scotiabank at a glance

Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.

One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.

When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.

Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.

While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.

CAD to GBP Market Data

Canadian dollar (CAD) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.

Sell CAD → Buy GBP

1 CAD = GBP

▲+0.7%

14d-highs

CAD to GBP is at 14-day highs near 0.5409, near its 3-month average, having traded in a very stable 3.6% range from 0.5347 to 0.5537

30-MAY 8PM-NY 31-MAY 1AM-LON 8AM-HK 10AM-SYD

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1 GBP = 1.8495 CAD

Date	CAD/GBP	Change	Period
16 May 2025	0.5390	0.4% ▼	2 Week
01 Mar 2025	0.5498	2.3% ▼	3 Month
30 May 2024	0.5741	6.5% ▼	1 Year
31 May 2020	0.5879	8.7% ▼	5 Year
02 Jun 2015	0.5246	2.3% ▲	10 Year
04 Jun 2005	0.4420	21.5% ▲	20 Year

CAD/GBP historic rates & change to 30-May-2025

What are equivalent amounts of CAD and GBP?

Here are some popular conversion amounts for CAD to GBP (Canadian dollar to British pound)*.

CAD	GBP
C$ 1	£ 0.5407
C$ 5	£ 2.7035
C$ 10	£ 5.4070
C$ 20	£ 10.81
C$ 50	£ 27.04
C$ 100	£ 54.07
C$ 250	£ 135.18
C$ 500	£ 270.35
C$ 1,000	£ 540.70
C$ 2,000	£ 1,081
C$ 5,000	£ 2,704
C$ 10,000	£ 5,407
C$ 20,000	£ 10,814
C$ 50,000	£ 27,035
C$ 100,000	£ 54,070

CAD	GBP
C$ 1.8495	£ 1
C$ 9.2475	£ 5
C$ 18.50	£ 10
C$ 36.99	£ 20
C$ 92.48	£ 50
C$ 184.95	£ 100
C$ 462.38	£ 250
C$ 924.75	£ 500
C$ 1,850	£ 1,000
C$ 3,699	£ 2,000
C$ 9,248	£ 5,000
C$ 18,495	£ 10,000
C$ 36,990	£ 20,000
C$ 92,475	£ 50,000
C$ 184,950	£ 100,000

More amounts

*Converted at the current CADGBP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Forecasts for CAD to GBP

31 MayThe CAD to GBP exchange rate has shown recent strength, reaching 14-day highs near 0.5409, which is close to its 3-month average. This upward movement has coincided with rising oil prices, a significant factor for the Canadian dollar given Canada’s status as a major oil exporter. Analysts suggest that if oil prices continue to rise, the Canadian dollar may maintain or extend its gains against the British pound. However, it is important to note that current oil prices are near 14-day lows around 63.90, which is 5.1% below the 3-month average. This volatility in oil, which has fluctuated within a significant 24.7% range, could introduce uncertainty for the CAD if prices fail to recover.

Read our full review of recent CAD to GBP forecasts.

How to get a good CAD to GBP exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to British pound:

Shop around for the best CAD/GBP exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the CAD/GBP rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and GBP at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying British pound with Canadian dollar, then it's better for the CAD/GBP exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

Read our Currency guide to the United Kingdom — a practical currency and money guide to travel in the United Kingdom plus living and doing business with the British pound.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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Will the Canadian dollar rise against the British pound?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/GBP to your personalised Rate Tracker to track and benefit from currency movements.

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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

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Expat and Business Guide to Life in the UK

The United Kingdom (UK) offers a rich blend of historical charm, modern infrastructure, and diverse opportunities, making it an attractive destination for expatriates and business professionals alike. Here's a comprehensive guide to help you settle in and thrive in the UK.

Read more at our United Kingdom (GBP) country guide